Certain InterDigital subsidiaries will receive a $375 million cash payment from Intel in exchange for handing over roughly 1,700 patents and patent applications related to 3G, Long Term Evolution (LTE), and 802.11 wireless technologies. Intel plans to use its newly acquired wireless patents to help support its strategic investments in the mobile segment, the Santa Clara chip maker said. By adding to its already large and diverse patent portfolio, Intel also puts itself in better position to avoid costly lawsuits.

November 2009 was the last time a United States supercomputer sat on top of the TOP500 list of the world's fastest supercomputers, and thanks to Sequoia, an IBM BlueGene/Q system residing at the Department of Energy's Lawrence Livermore National Laboratory, the U.S. is back out in front of the pack after it achieved 16.32 petaflop/s on the Linpack benchmark. Over a million and a half cores (1,572,864, to be exact) comprise Sequoia, which TOP500 describes as one of the most energy efficient systems on the list.

Talk about kicking a fella when he's down but not yet out. Nokia has fallen on tough times, forcing the company to make some tough decisions, and while the Finnish handset maker tries to get back on its feet, Moody's Investors Service downgraded the company's debt rating from Baa3 to Ba1, otherwise known as junk status. Furthermore, Moody's said the outlook on this and other ratings (including Nokia's corporate family ratings and probability of default rating) all remain negative.

Big changes are in store for Nokia, the struggling handset maker that's decided to take some drastic steps in an attempt to return the Finnish company to profitable growth. Nokia is focused on "significantly" reducing its operating expenses, and it starts with the elimination of 10,000 jobs around the globe by 2013, a process that's already begun in earnest by engaging with employee representatives.

Corning is best known for its ultra durable, scratch resistant Gorilla Glass found on a number of handheld and mobile device applications, but has now developed a type of ultra slim glass that can wrap around objects, opening the door to a world of possibilities. The flexible glass, called Willow Glass, is ultra-slim and ultimately ahead of its time, but according to Corning, it can still be used for increasingly thin devices while the world waits for bendable gadgets.

Toshiba Storage today announced a new line of high-performance, energy efficient solid state drives (SSDs) that are supposedly the first to take advantage of 19nm processor toggle multi-level cell (MLC) NAND flash memory chips. The new 'THNSNF' drives, as Toshiba named them, are designed for a variety of applications, from high-end and thin and light notebooks, to all-in-one desktops and embedded systems.

Hewlett-Packard on Wednesday announced financial results for its second fiscal quarter ended April 30, 2012, noting net revenue of $37.7 billion, a big number, though down 3 percent year-over-year. The Palo Alto company raked in a $1.6 billion (with a 'B') profit in its second fiscal quarter and returned $601 million in cash to stockholders in the form of dividends and share repurchases, which is far better than what 8 percent of its workforce will receive -- pink slips -- as part of a multi-year restructuring effort.

Intel's 22nm processors, better known as Ivy Bridge, are fresh out of the fab and have given the Santa Clara's Core architecture a kick in the pants. But is the successor to Sandy Bridge and Sandy Bridge-E already old news? Not exactly, though a peek at Intel's Research & Development roadmap reveals that a 14nm manufacturing process is already in development, and that's just the tip of the iceberg.

Trouble with TSMC's (Taiwan Semiconductor Manufacturing Company) 28nm process technology could force Nvidia and Qualcomm to seek out other foundries. In fact, Nvidia reportedly has already started sampling its chips on Samsung's 28nm process technology, representing a significant shift in behavior and a potential huge loss for TSMC, which is currently the sole provider of chips for Nvidia.

At some point or another, everyone fantasizes about being able to fly, soaring through the air like a bird high above the ground, over buildings and wherever your fancy takes you. A man named Jarno Smeets took that dream and seemingly made it a reality by concocting a sort of winged apparatus that allowed him to flap his arms and soar like an eagle. He uploaded a short YouTube video that quickly went viral, and just like that, over a million viewers were able to live out their fantasy of flight vicariously through some guy on the Internet. The only problem is Jarno Smeets doesn't appear to exist and it now appears that the video is a fake. Hello bug, meet windshield.